Reps. Larson, Courtney, Higgins, Welch Introduce Medicare Buy-In and Health Care Stabilization Act
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- Legislation Provides Americans Age 50-64 Access to Medicare
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In a news conference on
Senators
Recent polling from the
"The Medicare Buy-In and Health Care Stabilization Act is a simple and commonsense solution that offers one path forward to strengthen our health care system. In a time where our health care system and protections for patients continue to be attacked, it is time that we focus on helping Americans obtain access to quality, affordable health care. This bill does just that. A 60 year old American could see a 40 percent savings in their premium. This legislation would strengthen patient protections and put money back in people's pockets," said Larson.
"The American people have made it extremely clear that health care affordability is the number one issue facing their families, and they expect
"This is a practical and common sense way to provide Americans approaching retirement with quality affordable health care," said
Additional original cosponsors of the Medicare Buy-In and Health Care Stabilization Act include Representatives:
The Medicare Buy-In and Health Care Stabilization Act
Medicare Buy-In for those Age 50-64, how it works:
Participants purchase Medicare coverage (Part A, B, and D, or a Medicare Advantage plan) at-cost, keeping the program budget neutral
Plans are offered on the exchanges, providing opportunity for comparison-shopping
Those eligible for premium tax credits or cost-sharing reductions could apply them towards their buy-in premium
A public Medigap option is created for all Medicare beneficiaries to ensure enrollees are able to access and afford all the benefits they need
Authorizes HHS to negotiate volume discounts on prescription drugs to achieve even greater savings in the system to the benefit of all Medicare beneficiaries
The Medicare and Medicaid programs were first implemented in 1965 through the Social Security Act. According to the
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